Summit Global Investments Has $3.13 Million Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Summit Global Investments lifted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 26.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,587 shares of the company's stock after buying an additional 22,966 shares during the period. Summit Global Investments' holdings in Honda Motor were worth $3,129,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HMC. Fisher Asset Management LLC raised its stake in Honda Motor by 2.3% during the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company's stock worth $328,273,000 after acquiring an additional 227,890 shares in the last quarter. FMR LLC grew its position in Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company's stock worth $43,021,000 after acquiring an additional 466,842 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Honda Motor by 153.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock worth $19,074,000 after purchasing an additional 404,883 shares in the last quarter. Brandes Investment Partners LP raised its position in Honda Motor by 13.1% in the fourth quarter. Brandes Investment Partners LP now owns 570,169 shares of the company's stock valued at $16,278,000 after purchasing an additional 66,030 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Honda Motor during the fourth quarter valued at about $11,909,000. 5.32% of the stock is currently owned by institutional investors.

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Honda Motor Trading Up 0.1 %

Shares of HMC stock traded up $0.03 on Monday, hitting $30.06. The company had a trading volume of 658,316 shares, compared to its average volume of 1,012,842. The firm has a market cap of $46.91 billion, a P/E ratio of 6.99 and a beta of 0.61. The stock's 50-day moving average is $28.40 and its two-hundred day moving average is $28.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $37.44.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The company had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. On average, equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group upgraded shares of Honda Motor from a "sell" rating to a "neutral" rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.